AD Ports strikes deal with IDB to enhance trade flows between UAE & Iraq

AD Ports strikes deal with IDB to enhance trade flows between UAE & Iraq

AD Ports Group and Iraq’s International Development Bank (IDB) have partnered to explore opportunities for ports and logistics projects to enhance trade flows between the UAE and Iraq.

Being the only Iraqi financial institute licensed from the Central Bank of the UAE (CBUAE) to provide wholesale corporate banking services, IDB aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both countries.

AD Ports Group has signed a number of milestone agreements to explore opportunities for the management and development of ports and logistics assets across Iraq, including a 2021 agreement with the General Company for Ports of Iraq (GCPI) to promote increased cooperation.

Mohamed Juma Al Shamisi

MD & Group CEO

AD Ports Group “AD Ports Group continues to expand its international operations, at the direction of our wise leadership, which has seen us provide support and expertise for the development of ports and logistics assets around the world. There are significant opportunities for enhancement and modernization across Iraq’s ports, logistics and economic zones, and, working with IDB, we will review a number of key projects that help drive UAE-Iraq trade.”

Mr. Ziad Khalaf, chairman of the International Development Bank, said that “Building connectivity helps strengthen both the